Disclaimer: The datasets shared in the following article have been compiled from a collection of online resources and do not reflect AMBCrypto’s own research on the subject.
Safemoon may have the 2991st spot on CoinMarketCap, but this seemingly small crypto is extremely dominant on social media and enjoys popularity among several celebrities. BSC Daily reported last month, SafeMoon was the top BNB channel project that captured the most social volume.
An investor can acquire a considerable amount of SFM with a relatively small investment, given that the token is currently trading at $0.0003178, with a market cap of $179 million and $645,529 traded in the last 24 hours. However, choosing to buy a crypto just because it is selling low is neither an informed decision nor a wise one.
The price action of tokens like SafeMoon largely depends on the hype around the project and its relevance on social media. Influencers and pump groups often mine these tokens because of their social capital and subject it to pump and dump programs. According Data from CoinMarketCap, SafeMoon has seen 2 such pump and dump programs in the last 30 days. On August 25, the token soared 1489% within hours, from $0.0000001069 to $0.00000169. Similarly, on September 9, SafeMoon was pumped over 400%.
SafeMoon has seen huge growth in 2021, however, this year seems to be tough for SafeMoon since all cryptocurrencies are down. However, the V2 brand caused a stir for SafeMoon.
In fact, some platforms like Telegaon predict that the price of SFM will reach a maximum price level of $0.0025 in 2022 with an average price of $0.0015. SafeMoon, however, might reach the minimum price threshold of $0.00089 in 2022 on a downside. In 2022, a bullish move is predicted, which could send the SFM coin to the moon.
So why are these projections important?
Since its introduction, SafeMoon has surpassed the ROI of the majority of top meme coin projects, where most of them have been running for a year. As one of CoinMarketCap’s most popular pages, SafeMoon received more visits than Bitcoin and Ethereum combined. SafeMoon received a breakout response, nearly a million searches, according to Google’s globe filter trending statistics.
In 2021, SFM has largely repaid its investors. Given the volatility of the crypto market, it is impossible to predict the price of SafeMoon or any other cryptocurrency in the future. However, given that SafeMoon upgraded to V2 in December 2021, SFM Coin’s performance going forward is promising. This coin is actively promoted by the SafeMoon Army, which works day and night non-stop.
This article will examine SafeMoon’s recent market activity, paying particular attention to its market capitalization and volume. Using datasets such as non-zero addresses, number of whale transactions, etc., the same will be developed. Forecasts from the most well-known analysts and platforms will be summarized at the end, along with an overview of the Fear & Greed index to gauge market sentiment.
The price, volume and everything else of SafeMoon
SafeMoon launched in March 2021 with a supply of 777 trillion tokens. Its rising popularity, coupled with the crypto boom of 2021, proved extremely fruitful for the coin, with its price hitting an ATH around mid-April. At the end of October, its price continued to reach new levels and maintain previous levels whenever declines occurred.
However, in the second quarter of 2022, the token completely collapsed, reflecting the gloomy picture of the cryptocurrency industry.
The popularity of SafeMoon has earned it a large number of users. Launched in March 2021, its market cap grew exponentially within weeks, peaking at $5.75 billion in mid-May. At the end of October 2021, SafeMoon’s market capitalization was worth $3.65 billion.
During the 2022 crypto meltdown, SafeMoon’s market capitalization fell from $1.4 billion (early January) to just over $215 million.
The huge flood of stimulus measures from governments and central banks around the world to deal with the coronavirus outbreak will only improve SafeMoon trading investments, according to crypto proponents, according to CNBC International’s estimate. -change. They argue that such activities reduce the value of fiat currency, making SafeMoon a profitable investment for cryptocurrency holders.
Several celebrities, including Backstreet Boys member Nick Carter, young rap sensation Lil’ Yachty, and YouTuber Logan Paul, have endorsed SafeMoon. The piece has also been the subject of several court casehowever, with some accusing him of recruiting celebrities to help drive up his price.
—Jake Paul (@jakepaul) March 27, 2021
This digital asset was ready to break through all hurdles and perform exuberantly, reaching the top as shown, as all financial services and market routes proved to be beneficial. In the coming year, it would certainly overcome all restrictions and bring good fortune to all who invest in it. At the end of 2021, the price of SafeMoon easily reached $0.000001367 thanks to strong smart contracts.
SafeMoon’s 2025 forecast
Market forecasts are not entirely reliable. Cryptocurrency analysts cannot always predict larger political and economic forces such as geopolitical crises in Ukraine or increased regulations. Also, different analysts look at different sets of market metrics to come to their conclusions. Therefore, their predictions can vary significantly. Investors should do proper research before investing in any cryptocurrency, especially a coin as volatile as SafeMoon.
A Changely blog post says that crypto experts have analyzed the price of SafeMoon since its launch and do not predict a rosy picture for the token. According to them, SFM will trade at as low as $0.00000002 throughout 2025.
Telegaon, however, is very optimistic about the future of SafeMoon. In 2030, he predicts that SFM will trade down to $0.012 and as low as $0.0072. Its average price throughout the year will be $0.0084, he claimed.
Mohadesa Najumi from the capital abstract that SFM will trade between $0.000918 and $0.002 in 2025.
SafeMoon’s 2030 forecast
For 2030, Changelly claimed that SMF would trade at a price as high as $0.00000015 and as low as $0.00000013 in 2030. Its average price during said year would be $0.00000014, with a return on 400% potential investment.
Telegaon, on the contrary, predicted that it will trade at a price as high as $0.11 and as low as $0.38. Its average price during the said year will be $0.24, he said.
Najumi writing that different forecasters have different expectations regarding the future of SafeMoon. In 2030, it could be traded between $0.00211 and $0.011, she said.
Here it is also worth checking out the Crypto-Market Fear and Greed Index. It has been a bearish few days for the market, with the index with a reading of just 20, at the time of writing. On the contrary, the same had a reading of 47 earlier this month. Needless to say, there seems to be a lot of fear around us.
SafeMoon caught the market’s attention with the launch of SafeMoon V2 last December. This bring with itself a 1000:1 consolidation update with a new total SFM supply of one trillion.
Safemoon is still a respectable currency to invest in for good future profits. Being a meme coin, the asset is subject to large price fluctuations. Fortunately, it is a desirable alternative given its low cost. The asset is promising, as evidenced by the aforementioned Safemoon projections.
🌕 Update V2
1 trillion will be the new total supply for V2. With the burn, we have 575 billion in circulation. Token Consolidation: Update 1000:1 V2.#SAFEMOONSUNDAY
— SafeMoon (@safemoon) October 3, 2021
The SafeMoon community also remains very strong, always striving to take it to new heights. In fact, he won the Crypto-Community of the Year Award 2021 at the AIBC Summit held in Malta.
The future of SafeMoon, like all cryptocurrencies, is uncertain but it can reach new heights as it successfully adapts to new changes in technology and the market. Investors should, however, be wary of market trends and focus on studying the long-term impact of a cryptocurrency before investing.